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Good Financial Governance Maximizes Profit

Enterprise development is one of the key notable strides that many countries have invested in the recent years, something Sam Tabar has analyzed extensively on SlideShare. Consequently the emergence of global market platform, institutions and governments are heavily investing in financial institution in a mid to strengthen and facilitate economic growth. Finance is also known as the act of asset and money management. With the increased entrepreneurship and business development in countries, financial institutions are fast emerging to offer financial advice and management of resources for profit maximization. Financial law can be referred to as the act of managing financial resources using laid down rules that will lead to conflict resolution should any arise, and some people like Mr. Tabar have made a career out of that. The principle of this law has seen best management practices being followed for profit increase in whatever venture one establishes.

Financial institutions rely mostly on these laws to govern how they offer credit advancement to their clients. The laws are generated and given to clients for instance during granting loans to clients. The rules guide both the institution and the client in finding a common ground when dealing with loan repayment process. Financial management in the institution is one of the benefits of this law, because in an organizational structure the company needs to coordinate different department to ease working constraints and increase cohesion within the employees. Employee-to-employee relationship is highly increased due to the existing rules and structures.

Financial law is widely used in personal financing which allows people to freely adopt the said rules into management of money flow and income generated from the established businesses. In personal finance management the person is able to plan for the future and invest in retirement benefit schemes or building off commercial outlets. Another bigger beneficiary of financial law is the public finance sector. The government being the main stakeholder in this type of financing, they use the guidelines to manage government financed projects where accountability is the key to success. There is minimized lose of public finance since there is reduced time of completing the said projects. During the process of budget making, many governments borrow from finance law to help them prepare the national budgets. The law helps in curbing the any loophole that may lead to lose of public money. Sam Tabar is one of the many entrepreneurs who have invested highly in financial management. With his firm in New York City, he has highly invested in financial management process and financial legal matters which have seen him grow to higher levels.

Corporate finance management is the other beneficiary of financial law. They highly incorporate the law while discharging their duties for instance when carrying out capital investment or in valuation of company assets. The set down guideline gives them the platform to adjudicate on any financial implication that may befall a capital investment project or liability assessment in project valuation. Many corporate financial companies incorporate the rule while calculating the average profit and loss the company has made. While filing for legal suits against the wrong dower, the law comes in handy to support the whole process of seeking justice. This is the area where Sam Tadar brings in his input in the legal matters, due to the experience he has in legal matters. Mr. Tadar has represented many corporate institutions on matters to seek financial justice in court. This has given him a step over many financial lawyers and is recognized globally. Other financial institutions like banks have generally benefited in financial law. During the process of signing different legal contracts between the banks and clients like organization or the government, the law is used to implement agreements signed between the parties which are abiding to a certain period of time.